Molson Coors U.S. Depletions Down 1.7% on “Softer Industry Performance”

Dear Client: Molson Coors has been snagging some growth in scans as of late, up 1.2% in dollars and up 0.21 points of dollar share over the last 12 weeks per IRI MULC scans. But did that translate to growth in its Q2 results? Not exactly.  SHIPMENTS DOWN 8.2%. In its second quarter earnings release this morning, Molson Coors reported that U.S. shipments declined 8.2%, which was “attributed to the cycling of the U.S. distributor inventory recovery in the prior